Harber Asset Management LLC Invests $3.69 Million in NXP Semiconductors N.V. $NXPI

Harber Asset Management LLC purchased a new position in shares of NXP Semiconductors N.V. (NASDAQ:NXPI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 17,000 shares of the semiconductor provider’s stock, valued at approximately $3,690,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dymon Asia Capital Singapore PTE. LTD. raised its stake in shares of NXP Semiconductors by 7.2% during the 4th quarter. Dymon Asia Capital Singapore PTE. LTD. now owns 5,655 shares of the semiconductor provider’s stock worth $1,227,000 after buying an additional 381 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of NXP Semiconductors during the 4th quarter worth $807,000. Barclays PLC raised its stake in shares of NXP Semiconductors by 31.5% during the 4th quarter. Barclays PLC now owns 2,283,397 shares of the semiconductor provider’s stock worth $495,634,000 after buying an additional 546,790 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in shares of NXP Semiconductors by 1.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,464 shares of the semiconductor provider’s stock worth $752,000 after buying an additional 43 shares during the last quarter. Finally, FORA Capital LLC acquired a new position in shares of NXP Semiconductors during the 4th quarter worth $1,670,000. Institutional investors and hedge funds own 90.54% of the company’s stock.

NXP Semiconductors Trading Up 0.8%

NXP Semiconductors stock opened at $304.86 on Friday. The stock has a market cap of $76.97 billion, a PE ratio of 29.17, a P/E/G ratio of 1.10 and a beta of 1.77. The stock has a 50-day moving average price of $270.67 and a 200 day moving average price of $238.24. NXP Semiconductors N.V. has a 52 week low of $183.00 and a 52 week high of $339.95. The company has a current ratio of 2.24, a quick ratio of 1.55 and a debt-to-equity ratio of 1.00.

NXP Semiconductors (NASDAQ:NXPI) last posted its quarterly earnings data on Wednesday, April 29th. The semiconductor provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.07. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.14 billion. NXP Semiconductors had a return on equity of 26.75% and a net margin of 21.03%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.64 EPS. Equities research analysts predict that NXP Semiconductors N.V. will post 13.38 earnings per share for the current fiscal year.

NXP Semiconductors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 24th will be given a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, June 24th. NXP Semiconductors’s dividend payout ratio (DPR) is currently 38.85%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NXPI shares. Barclays lifted their price target on NXP Semiconductors from $295.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Truist Financial lifted their price target on NXP Semiconductors from $255.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on NXP Semiconductors from $250.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Loop Capital lifted their price target on NXP Semiconductors from $275.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group lifted their price objective on NXP Semiconductors from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $295.92.

Insider Buying and Selling

In other NXP Semiconductors news, EVP Christopher L. Jensen sold 1,746 shares of NXP Semiconductors stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $316.53, for a total value of $552,661.38. Following the completion of the sale, the executive vice president owned 3,643 shares in the company, valued at $1,153,118.79. The trade was a 32.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Micallef sold 1,000 shares of NXP Semiconductors stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $194.58, for a total value of $194,580.00. Following the completion of the sale, the executive vice president owned 9,942 shares of the company’s stock, valued at $1,934,514.36. This trade represents a 9.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,611 shares of company stock worth $3,061,078. 0.05% of the stock is owned by corporate insiders.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. is a global semiconductor company headquartered in Eindhoven, the Netherlands, that designs and supplies mixed-signal and standard product solutions for a broad range of end markets. The company focuses on enabling secure connections and infrastructure for embedded applications, developing technologies used across automotive, industrial and Internet of Things (IoT), mobile, and communication infrastructure segments. NXP’s offerings target customers that require reliable, secure, and high-performance semiconductor components for connected devices and systems.

Product lines include microcontrollers and application processors, secure elements and authentication technologies, RF and high-power analog components, connectivity solutions, and vehicle networking and infotainment systems.